Wednesday, December 31, 2014

***WHEN TO START TAX PLANNING (ADVANCE TAX RELIEF LLC www.advancetaxrelief.com)

People often wait until December to start thinking about ways to reduce their taxes for the year. If you really want to save some cash, start planning no later than the beginning of the fourth quarter of the year, that is, October. But earlier in the year is usually better. For example, the best time to establish and contribute to tax-deferred accounts is at the beginning of the year, because you'll get a whole year's worth of tax deferred income.
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